The Brisbane Rotary Art Spectacular is on again. For almost 10 years Priority have supported the event and have been confirmed as the major sponsor for 2012.

In 2011 more than 35,000 people visited the Brisbane Rotary Art Spectacular each day, purchasing approximately $106,000 worth of art and raising over $66,000. This year the Cerebral Palsy League, ROMAC and Rotary Community Projects have been selected as beneficiaries.

This is a major event in a prominent CBD location that generates a lot of interest and exposure to a many major corporations located in the area. Other sponsorship opportunities are available – for details contact Phil Gough on 0412 732 733 or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Art Spectacular runs from Thursday 19 April to Saturday 28 April at the Riverside Centre. Tickets to Opening Night Cocktail party can be purchased through the events website.

Brisbane’s economic prospects are looking positive with the resource sector predicted to be a direct and indirect driver of white-collar growth, which is forecasted to grow at 3.1% in the next 3 years.

According to the Property Council of Australia’s latest Office Market Report, vacancy rates in Brisbane’s CBD decreased from 7.4% to 6.2% in the six months to January 2012. Brisbane’s Fringe also reported a decrease in the vacancy rate from 8.8% to 7.6% in the six-months.

Perth’s CBD reported the lowest national vacancy at 3.3%, Melbourne second at 5.3% and Brisbane’s 6.2% coming in third.

These are the lowest vacancy rates since January 2009, which has been attributed to an uplift in business activities related to Queensland’s resource sector, according to Kathy Mac Dermott - Queensland Executive Director of the Property Council of Australia. “The healthy ongoing demand for office space and low vacancy rates bodes well for offsetting the amount of space entering the market over the next 12 months.”

In 2009 the vacancy rate for Prime Office Space peaked at over 13%. The resource sectors demand for prime space has lowered the vacancy 3.8%. B-Grade Space has also performed well declining from 10.9% in July 2011 to 7.5%.

Vacancy movements in next period may fluctuate according to timing but the market is in a good position for the next 3 years. Click here for the Property Councils summary of the report.

If your business is reviewing future office accommodation needs, contact us for free design, construction and location advice.